The Economic Crisis and the U.S. Policy Response: Just Right, Too Little or Too Much?

The Economic Crisis and the U.S. Policy Response:

Just Right, Too Little or Too Much?

Meeting Summary Added to Website

On June 2nd the Woodrow Wilson International Center for Scholars, the Heinrich Boell Foundation and New Rules for Global Finance sponsored an event titled “The Economic Crisis and the U.S. Policy Response: Just Right, Too Little or Too Much?”

The panel of leading economic policy experts consisted of Ron Blackwell, chief economist at the AFL-CIO; Uri Dadush, director of the International Economics Program at the Carnegie Endowment for International Peace; Prakash Loungani, an advisor for the International Monetary Fund; and Michael Lind, director for the Economic Growth Program at the New America Foundation. The discussion was moderated by Thomas Palley, a board director of New Rules for Global Finance and an associate of the New America Foundation.

Ron Blackwell kicked off the presentations citing the unemployment rate of 9%, almost two years after the start of recovery, as proof that the U.S. government has done too little. That raised the real policy question which is “too little of what?”

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